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REGISTERED NUMBER: 05880332 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Thames Valley Asset Finance Limited

Thames Valley Asset Finance Limited (Registered number: 05880332)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thames Valley Asset Finance Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs F S Wise
Mr A P Wise





REGISTERED OFFICE: 7 West Mills Yard
Newbury
Berkshire
RG14 5LP





REGISTERED NUMBER: 05880332 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Thames Valley Asset Finance Limited (Registered number: 05880332)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,044 8,899

CURRENT ASSETS
Stocks 196,049 -
Debtors 5 72,326 78,645
Cash at bank 181,170 373,856
449,545 452,501
CREDITORS
Amounts falling due within one year 6 (71,304 ) (69,381 )
NET CURRENT ASSETS 378,241 383,120
TOTAL ASSETS LESS CURRENT LIABILITIES 382,285 392,019

CREDITORS
Amounts falling due after more than one year 7 - (28,333 )

PROVISIONS FOR LIABILITIES (1,011 ) (1,691 )
NET ASSETS 381,274 361,995

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 381,173 361,894
381,274 361,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




Mr A P Wise - Director


Thames Valley Asset Finance Limited (Registered number: 05880332)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Thames Valley Asset Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future which affect the reported position shown in the accounts.

Turnover
Turnover - Turnover is recognised at the fair value of the consideration received or receivable for the provision of services in the ordinary nature of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Thames Valley Asset Finance Limited (Registered number: 05880332)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 46,950
Disposals (8,454 )
At 31 July 2023 38,496
DEPRECIATION
At 1 August 2022 38,051
Charge for year 4,855
Eliminated on disposal (8,454 )
At 31 July 2023 34,452
NET BOOK VALUE
At 31 July 2023 4,044
At 31 July 2022 8,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 4,269 10,264
Other debtors 68,057 68,381
72,326 78,645

Thames Valley Asset Finance Limited (Registered number: 05880332)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 3,337 7,108
Taxation and social security 40,577 27,756
Other creditors 27,390 24,517
71,304 69,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 28,333

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 6,600 6,600
Between one and five years 13,200 19,800
19,800 26,400

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr A P Wise
Balance outstanding at start of year 55,796 21,075
Amounts advanced 133,607 131,666
Amounts repaid (135,294 ) (96,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,109 55,796

10. RELATED PARTY DISCLOSURES

As at the period end £5,684 (2022: £5,684) was owed by Navigate Business Finance Limited, a company which Director Mr A P Wise is a shareholder.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A P Wise.